Advanced Probabilistic Modeling Features

Lesson 5, page 4 of 15

In the Tutorial example, we explored some of GoldSim's basic probabilistic modeling capabilities.However, GoldSim was designed from the outset to be a very powerful probabilistic simulator, and as a result, provides a large number advanced probabilistic modeling features that we were not able to discuss, including the following:

Note: Another possible way to more realistically have represented the inflow rate to the pond in the Tutorial example would have been to specify an autocorrelation factor for the Stochastic An Input element that allows you to quantitatively represent the uncertainty in a model input by defining it as a probability distribution. element.